Appleton Partners Inc. MA Has $15.21 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Appleton Partners Inc. MA boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,841.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,170 shares of the information services provider’s stock after buying an additional 150,022 shares during the period. Alphabet makes up about 1.5% of Appleton Partners Inc. MA’s portfolio, making the stock its 11th largest position. Appleton Partners Inc. MA’s holdings in Alphabet were worth $15,208,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. OLD Second National Bank of Aurora grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after acquiring an additional 304 shares in the last quarter. Schubert & Co grew its stake in shares of Alphabet by 1,192.9% in the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after acquiring an additional 334 shares in the last quarter. Finally, Corsicana & Co. grew its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock worth $38,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the subject of several research reports. The Goldman Sachs Group set a $135.00 price target on shares of Alphabet in a research report on Friday, November 18th. Raymond James reduced their price target on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Oppenheimer reduced their price target on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Credit Suisse Group set a $128.00 price target on shares of Alphabet in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 280 shares of Alphabet stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by insiders.

Alphabet Trading Up 5.7 %

Shares of Alphabet stock opened at $99.28 on Friday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $93.52 and its 200-day moving average price is $102.16.

Alphabet (NASDAQ:GOOGGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.40 earnings per share. On average, equities analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Recommended Stories

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.